Wednesday, 31 December 2014

"Why is it that virtually all "reputable" scholars and mass media columnists
and commentators reject the cause and effect or conspiratorial theory of
history? Primarily, most scholars follow the crowd in the academic
world just as most women follow fashions. To buck the tide means social and
professional ostracism. The same is true of the mass media. While professors and
pontificators profess to be tolerant and broadminded, in practice it's strictly
a one way street-with all traffic flowing left. A Maoist can be tolerated by
Liberals of Ivory Towerland or by the Establishment's media pundits, but to be a
conservative, and a conservative who propounds a conspiratorial view, is
absolutely verboten. Better you should be a drunk at a national WCTU
convention!
Secondly, these people have over the years acquired a strong vested emotional
interest in their own errors. Their intellects and egos are totally committed to
the accidental theory. Most people are highly reluctant to admit that they have
been conned or have shown poor judgment. To inspect the evidence of the
existence of a conspiracy guiding our political destiny from behind the scenes
would force many of these people to repudiate a lifetime of accumulated
opinions. It takes a person with strong character indeed to face the facts and
admit he has been wrong even if it was because he was uninformed. Such was the
case with the author of this book. It was only because he set out to prove the
conservative anti-Communists wrong that he happened to end up writing this book.
His initial reaction to the conservative point of view was one of suspicion and
hostility; and it was only after many months of intensive research that he had
to admit that he had been "conned."
Politicians and "intellectuals" are attracted to the concept that events are
propelled by some mysterious tide of history or happen by accident. By this
reasoning they hope to escape the blame when things go wrong.
Most intellectuals, pseudo and otherwise, deal with the conspiratorial theory
of history simply by ignoring it. They never attempt to refute the evidence. It
can't be refuted. If and when the silent treatment doesn't work, these
"objective" scholars and mass media opinion molders resort to personal attacks,
ridicule and satire. The personal attacks tend to divert attention from the
facts which an author or speaker is trying to expose. The idea is to force the
person exposing the conspiracy to stop the exposure and spend his time and
effort defending himself."

Monday, 29 December 2014

"China recently announced that it will cease to increase its gold and
currency reserves denominated in US dollars. Considering the growing
trade deficit between the US and China (the current difference is five
times in favor of China), then this statement translated from the
financial language reads: “China stops selling their goods for dollars”.
The world’s media chose not to notice this grandest in the recent monetary history event .
The issue is not that China literally refuses to sell its goods for US
dollars. China, of course, will continue to accept US dollars as an
intermediate means of payment for its goods. But, having taken dollars,
China will immediately get rid of them and replace with something else
in the structure of its gold and currency reserves. Otherwise the
statement made by the monetary authorities of China loses its meaning:
“We are stopping the increase of our gold and currency reserves,
denominated in US dollars.” That is, China will no longer buy United
States Treasury bonds for dollars earned from trade with any countries,
as they did this before."

It's amusing to witness nearly every bobble head in the financial media extolling
the virtues of this current collapse in oil prices. WTI crude oil peaked at
$147 per barrel in the summer of 2008; and then the stock market and economy
spiraled into freefall shortly thereafter. Would it have been prudent for market
strategist to claim that the plunge in oil and home prices in 2008 was a harbinger
for a robust consumer to appear in short order? Were these same market gurus
warning investors of a collapse in consumer spending when oil prices soared
from $33 per barrel in the spring of 2009, to over $100 per barrel in July
of this year?

Friday, 26 December 2014

“Once a government is committed to the
principle of silencing the voice of opposition, it has only one way to
go, and that is down the path of increasingly repressive measures,
until it becomes a source of terror to all its citizens and creates a
country where everyone lives in fear.” - Harry S. Truman

On February 17, 1950, James Paul Warburg
confidently declared to the United States Senate: “We shall have World
Government, whether or not we like it. The only question is whether
World Government will be achieved by conquest or consent.”

"What gets lost in all the reporting about stock market numbers, unemployment
rate figures, and other economic data is the understanding that real wealth
results from production of real goods, not from the creation of money out of
thin air. The Fed can rig the numbers for a while by turning the monetary spigot
on full blast, but the reality is that this is only papering over severe economic
problems. Six years after the crisis of 2008, the economy still has not fully
recovered, and in many respects is not much better than it was at the turn
of the century."

" Mass media deception is a perpetual function of the armaments industry
as it uses the avenues of print, electronic television and radio to sell
the homicidal lies of the arms merchants who wanted to lay waste to
Syria as part of the NATO/U.S. imperialist capitalist destruction of
this land with Tomahawk missiles. A study of the mass media on http://public-accountability.org/ reveals
that MSNBC, Fox, PBS and CNN television anchors interviewing former
Bush national security advisor Stephen Hadley, who made various
arguments in favor of a U.S./NATO military attack against Syria, failed
to mention that he is a director of Raytheon which manufactures the
Tomahawk missile. Raytheon paid Hadley $128,500 in compensation last
year, and he is owner of 11,477 shares of stock in this armaments
company, worth $900,000. Out of the four times Hadley’s arguments for
U.S. military violence against Syria were featured in mainstream media,
including three televised interviews—on Bloomberg TV, Fox News and CNN
and once in a Washington Post opinion editorial, media anchor or
editorial personnel responsible for identifying a guest experts’
official title only mentioned his position as former national security
advisor and nothing about his war profiteering affiliation with
Raytheon."

"The Israeli occupation and the defense
budget, the defense budget and the Israeli occupation. These two giant
elephants, that decide the state’s fate in nearly every sphere, are off
limits. They are outside the real public debate, they are not even on
the agenda. They were long ago declared a closed military zone, a firing
range in which trespassing is forbidden. No serious politician talks
about them, no one dares. Heaven forfend."

Tuesday, 9 December 2014

Monday, 8 December 2014

TAS ?

TAS stands for trading against a spike,its a reversal pattern developed by Bill McLaren
after
a countertrend reaction the failure of the market to regain the trend
(with a new high (or low) following a move that lasts at least twice as
long as the c/t move is regarded as a sign of weakness and you trade off
the next signal that the impulse is failing
my only observation is that you have to watch out for triangles...

I noticed that the 180 month cycle from the 2000 high kicks in next March.Also there is symmetry (almost) fro the October 2007 high.Doubling that high gives resistance around 4500,so an awful lot of Gann numbers in play :-)